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Planet Fitness Reports Strong Financial Performance for Q3 2026

On November 5, 2026, Planet Fitness, Inc. (NYSE: PLNT) released its financial results for the third quarter ended September 30, 2026, demonstrating impressive growth across various metrics. Here are the highlights:

Key Financial Insights

Revenue Growth

Total revenue surged by 9% compared to the same period last year, amounting to $360 million. This growth was attributed to various factors including an increase in system-wide sales, which jumped to $1.3 billion, marking an increase of $53.4 million
from the previous year.

Same Club Sales

The company reported a 1.5% increase in same club sales, higher than initial expectations. This positive trend reflects the strong performance across its locations, indicating successful member retention and acquisition strategies.

Net Income

Net income attributable to Planet Fitness, Inc. was $52 million, or $0.70 per diluted share, slightly down from $58.8 million in the prior year period. The adjusted net income also took a hit, dropping to $61.9 million or $0.83 per diluted share.

Adjusted EBITDA

In terms of operational performance, the adjusted EBITDA rose to $146.2 million, up $5.4 million compared to last year. The adjusted EBITDA margin sits at an impressive 41%, showcasing robust profitability amid growth.

Club Expansion

During the quarter, the company opened 33 new clubs, consisting of 25 franchises and 8 corporate-owned locations, bringing the total to 2,962 clubs as of the end of September 2026. This expansion cements Planet Fitness's position as one of the largest fitness center operators globally.

Share Repurchase and Corporate Strategies

The company also announced the repurchase and retirement of about 1 million shares of Class A common stock for $50 million. In addition, Planet Fitness's Board of Directors has authorized a new $500 million share repurchase program, signaling confidence in the company's future and intentions to enhance shareholder value.

Moreover, Planet Fitness has commenced a strategic review focusing on refranchising opportunities for its domestic corporate-owned clubs, which could utilize proceeds to further capital allocation strategies.

International Market Moves

One of the most noteworthy developments in this quarter was Planet Fitness's acquisition of Be-Fit, a reputable fitness platform in Portugal with 25 clubs and approximately 80,000 members. This acquisition not only marks the company's entry into Portugal but also represents its sixth international market. CEO Colleen Keating expressed optimism about the synergies this acquisition will bring, predicting integration opportunities and future growth as they adapt the Be-Fit brand to Planet Fitness’s model.

Future Prospects

Looking ahead to the rest of 2026, Planet Fitness outlined its expectations:

• - Same Club Sales Growth: Projected between 1.5% and 2%.
• - Revenue Growth: Anticipating an 8% increase for the full year.
• - Adjusted EBITDA: Expected to rise by 6.5%.
• - New Openings: Estimated 190 to 195 new locations, including the Be-Fit acquisition.

As this leading fitness brand leverages its growth and explores international opportunities further, it remains dedicated to enhancing its member experience and fostering a non-intimidating environment that embraces all fitness levels, which they proudly call the